Ratios formulas:
Inventory turnover=cost of goods sold/Inventory
Average collection period=accounts receivable/average sales per day=accounts receivable/(annual sales/365)
Asset turnover=sales/total assets
Debt ratio=total liabilities/total assets
Gross profit margin=(sales-cost of goods sold)/sales=Gross profit/sales
Net profit margin=net income or earnings available for common stockholders/sales
ROA=net income or earnings available for common stockholders/total assets
ROE=net income or earnings available for common stockholders/common stock equity
Current ratio=current assets/current liability
From the pictures above, please answer those qustions below: -
Q 1. Depreciation Expense for 2020 is at 500,000.00
Using the data above, compute for the company's 2020 Gross Profit
a. 2,341,100.00
b. 1,371,000.00
c. 1,250,000.00
Q 2. If depreciation expense for 2020 is at 500,000.00, how much is the net change in cash due to investing activity?
a. -750,112.00
b. -830,110.00
c. -650,142.00
Q3. Depreciation Expense for 2020 is at 500,000.00
Using the data above, compute for the company's 2020 Total Current Liabilities
a. 416,500.00
b. 415,040.00
c. 616,000.00
Q4. Depreciation Expense for 2020 is at 500,000.00
Using the data above, compute for the company's 2020 Inventory
a. 700,625.00
b. 720,525.00
c. 230,655.00
Q5. Depreciation Expense for 2020 is at 500,000.00. Using the given data, compute for the net change in cash for 2020.
a. 900.00
b. 800.00
c. 1,000.00
Q6. Depreciation Expense for 2020 is at 500,000.00
Using the data above, compute for the company's 2020 Shareholder's Equity
a. 2,045,650.00
b. 1,043,750.00
c. 1,333,650.00
Q7. The depreciation expense for 2020 is 500,000.00. Using the data available, compute for the 2020 change in cash due to operating activities.
a. 360,762.00
b. 550,662.00
c. 465,752.00
Q8. The depreciation expense for 2020 is 500,000.00. Using the data above, compute for the company's 2020 Earnings available for common stocks
a. 37,000.00
b. 35,000.00
c. 33,000.00
Q9. Depreciation expense for 2020 is at 500,000.00, compute for the company's 2020 quick ratio
a. 1.2
b. 1.7
c. 1.8
Q10. Depreciation Expense for 2020 is at 500,000.00, compute for the 2020 Times interest earned
a. 1.2
b. 1.20
c. 1.6
Q11. Depreciation Expense for 2020 is at 500,000.00
Using the data above, compute for the company's 2020 Retained Earnings
a. 400,000.00
b. 350,200.00
c. 300,000.00
Q12. Depreciation Expense for 2020 is at 500,000.00
Using the data above, compute for the company's 2020 Accounts payable?
a. 240,050.00
b. 450,000.00
c. 230,000.00
Q13. Depreciation Expense for 2020 is 500,000.00
Using the data above, compute for the company's 2020 Earnings Before Tax
a. 65,200.00
b. 70,000.00
c. 60,000.00
Q14. The depreciation expense for 2020 is 500,000.00. What is the 2020 change in cash position due to financing activities?
a. 490,452.00
b. 420,150.00
c. 390,250.00
Q15. Depreciation Expense for 2020 is at 500,000.00
Using the Data above, compute for the company's 2020 Accounts Receivable.
a. 805,556
b. 875,656
c. 835,545